Autohome, BitAuto Come Down from Monday Highs

Motorcar Parts of America, Inc. (NASDAQ:MPAA), Galectin Therapeutics Inc. (NASDAQ:GALT) and Town Sports International Holdings, Inc. (NASDAQ:CLUB) started off this Wednesday strong and are among the day’s top market gainers midday. Autohome Inc (ADR) (NYSE:ATHM), Bitauto Hldg Ltd (ADR) (NYSE:BITA) and dELiA*s, Inc. (NASDAQ:DLIA) are the losers.

Motorcar Parts of America Surges on Share Pricing

Motorcar Parts of America, Inc. (NASDAQ:MPAA) surged +9.95% today after announcing the pricing of a new public offering of shares. MPAA is currently trading near its 52-week high of $31.00. Its price has climbed +55.75% year-to-date.

Galectin Therapeutics Inc. (NASDAQ:GALT) hit midday up +9.36% for the day. The drug developer’s share price has dropped -63.51% in the past 30 days, and it is currently trading far from its 52-week high of $19.11. Despite today’s gain, Galectin is still down -30.82% YTD.

The share price of Bitauto Hldg Ltd (ADR) (NYSE:BITA) dipped -5.64% midday. Like Autohome, BitAuto had a stellar start to the week, its price hitting a lifetime high of $92.00 on Monday. The stock is up an impressive +183.42% in 2014, including +59.72% in the past month.

Down -4.65%, dELiA*s, Inc. (NASDAQ:DLIA) takes the third and final spot on today’s list of midday losers. The apparel retailer has been in the Tiger Global portfolio across three quarters, and its price has declined -45.43% YTD.

Author: iBillionaireiBillionaire provides access to the investment data and strategies of the world's most successful self-made billionaires. Mobile app available for iOS and Android. Maker of the iBillionaire Index (IBLN). More at www.iBillionaire.me.